Nissan to bring Innova's competitor by Aug 2012

 

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Moreover, the Japanese auto major has the diesel variant of Nissan Sunny launch lined-up for 2012, apart from which it plans to launch a low-cost hatchback during the year. To make enough room for the development of the upcoming models, the auto major has announced its plans to make an investment of Rs 4,500 crores to cover all the requirements for the enhancement of their production unit in Chennai. Nissan’s manufacturing unit at Oragadam, Chennai is shared by Renault to develop synergies, to roll out cars based on the same platform. Renault Pulse is such new car, to mark the beginning of their partnership, based on the Nissan Micra’s V platform.

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The unit, which has the production capacity to roll out 200,000 units per annum is expected to be doubled by the end of next fiscal. On a positive note, Sunil Rekhi, the Chief Finance officer of Nissan India had informed that they are right on track and just few units short of their intended target sale of 40,000 units, to be attained by the end of FY 2011-2012. The number, which presently stands at 13,000 units is right enough to achieve 80% of the expected target.